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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a look into the still extreme backwardation in WTI futures (page 1) followed by a dive into a final update of our Five Fed Composite (page 2). We then show which metro areas have seen the largest home price growth since 2019 (page 3) and the further declines in consumer sentiment (page 4). We finish with our weekly recap of speculator positioning data (pages 5-7).

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